PREMIUM AND ALLOCATION Sample Clauses

PREMIUM AND ALLOCATION. Premium SAMPLE The amount applied to this contract on the Contract Issue Date will be the Initial Premium received, minus a deduction for any applicable tax including premium tax where applicable. The Initial Premium as shown on the Schedule Pages, is payable at our Annuity Operations Division but may be given to an authorized agent for forwarding to our Annuity Operations Division. The Initial Premium is due on the Contract Issue Date and may not be less than the Minimum Initial Premium or greater than the Maximum Initial Premium shown on the Schedule Pages, without our prior home office approval. No benefit associated with any such Initial Premium will be provided until it is actually received by us at our Annuity Operations Division, and only if received prior to the Contract Issue Date. During the first Contract Year we will accept additional premium in the form of subsequent deposits into the contract up to the Maximum Allowable Subsequent Deposits shown on the Schedule Pages. However, if the Maximum Allowable Subsequent Deposits is equal to zero, you will not be permitted to make any subsequent deposits. All subsequent deposits will be allocated to the Fixed Account, will not be eligible for reallocation until the first Contract Anniversary and will remain there until you instruct us otherwise. Tax A premium tax (or similar tax) may be required based on the laws of the state of delivery or the state where the Owner resides on the Contract Issue Date. The premium tax rate, if any, as of the Contract Issue Date, is shown on the Schedule Pages. This charge, if any, will be deducted either from the Initial Premium or from the Accumulation Value if and when such tax is incurred by us. We will pay any premium tax due and will reimburse ourselves upon the earlier of withdrawal, surrender, payment of death proceeds or the Contract Maturity Date. On withdrawal, we will deduct a pro rata amount of the tax based upon the ratio of the amount withdrawn to the Accumulation Value.
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PREMIUM AND ALLOCATION. The text of this section (reproduced in its entirety below) is modified by adding the underlined text shown below: Premium The amount applied to this contract on the Contract Issue Date will be the premium received, minus a deduction for any applicable tax including premium tax. The premium as shown on the Schedule Pages, This contract is provided for information purposes only. Contract terms and values may vary significantly from this specimen copy based on the state where the contract is issued. This contract may not be available in every state. is payable at our Annuity Operations Division. The premium is due on the Contract Issue Date and may not be less than the Minimum Premium or greater than the Maximum Premium shown on the Schedule Pages. No benefit associated with any such premium will be provided until it is actually received by us at our Annuity Operations Division, and only if received prior to the Contract Issue Date. The Contract permits only a single premium contribution
PREMIUM AND ALLOCATION. 5 Premium ..................................................5
PREMIUM AND ALLOCATION. PREMIUM The Premium must be at least $35,000 unless We agree otherwise. The Annuitant must be alive when the Premium is made. The Premium is payable at VPMO but may be given to an authorized agent for forwarding to VPMO. No benefit associated with any such Premium will be provided until it is actually received by Us at VPMO. A Premium greater than $1,000,000 requires prior approval from Us. PREMIUM ALLOCATION Upon receipt of You Premium, We will temporarily allocate Your Premium to the Money Market Subaccount. On the Annuity Date, the then value of this contract's share in the Money Market Subaccount will automatically be reallocated to the various Subaccounts and the FIA in accordance with Your instructions for the allocation of Premium provided when You purchased the contract. THE VALUATION OF SUB- The values of the assets in each Subaccount will be ACCOUNTS calculated in accordance with applicable law and accepted procedures. We guarantee that expense and mortality results shall not adversely affect the dollar amount of variable benefits and other contractual payments and values. ADDITIONAL SUBACCOUNTS We have the right to add Subaccounts of the Separate Account subject to approval by the Securities and Exchange Commission and, where required, other regulatory authority. 5 I601
PREMIUM AND ALLOCATION. Premium The amount applied to this contract will be the Single Premium received, minus a deduction for any applicable tax including premium tax where applicable. The Single Premium as shown on the Schedule Pages, is payable at our Annuity Operations Division but may be given to an authorized agent for forwarding to our Annuity Operations Division. The Single Premium is due on the Contract Issue Date and may not be less than the Minimum Single Premium shown on the Schedule Pages. No benefit associated with any such Single Premium will be provided until it is actually received by us at our Annuity Operations Division, and only if received prior to the Contract Issue Date. The Single Premium may not exceed the Maximum Single Premium shown on the Schedule Pages without our prior home office approval. Tax SAMPLE A premium tax (or similar tax) may be required based on the laws of the state of delivery or the state where the Owner resides on the Contract Issue Date. The premium tax rate, if any, as of the Contract Issue Date, is shown on the Schedule Pages. This charge, if any, will be deducted either from the Single Premium or from the Accumulation Value if and when such tax is incurred by us. We will pay any premium tax due and will reimburse ourselves upon the earlier of withdrawal, surrender, payment of death proceeds or the Contract Maturity Date. On withdrawal, we will deduct a pro rata amount of the tax based upon the ratio of the amount withdrawn to the Accumulation Value.

Related to PREMIUM AND ALLOCATION

  • Loss Allocation Limitation No allocation of Net Loss (or items thereof) shall be made to any Holder to the extent that such allocation would create or increase an Adjusted Capital Account Deficit with respect to such Holder.

  • Distributions and Allocations All distributions of cash or other property (except upon the Company's dissolution, which shall be governed by the applicable provisions of the Act and Article IX hereof) and all allocations of income, profits, and loss shall be made 100% to the Member in accordance with its Membership Interest. All amounts withheld pursuant to the Code or any provisions of state or local tax law with respect to any payment or distribution to the Member from the Company shall be treated as amounts distributed to the Member pursuant to this Section 7.3. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to the Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or any other applicable law.

  • Contribution Allocation The Advisory Committee will allocate deferral contributions, matching contributions, qualified nonelective contributions and nonelective contributions in accordance with Section 14.06 and the elections under this Adoption Agreement Section 3.04.

  • Collections and Allocations (a) The Borrower or the Servicer on behalf of the Borrower shall promptly (but in no event later than two (2) Business Days after the receipt thereof) identify any Collections received by it as being on account of Interest Collections or Principal Collections and deposit all such Interest Collections or Principal Collections received directly by it into the Collection Account. The Servicer on behalf of the Borrower shall make such deposits or payments on the date indicated by wire transfer, in immediately available funds.

  • Risk Allocation The Product is Regulatorily Continuing.

  • Capital Accounts and Allocations (a) CAPITAL ACCOUNTS. A separate capital account (a "Capital Account") shall be established and maintained for each Member, which shall initially be equal to the Capital Contribution of such Member as set forth on Schedule A hereto. Such Capital Accounts shall be maintained in accordance with Section 1.704-1(b)(2)(iv) of the Treasury Regulations, and this Section 5.2 shall be interpreted and applied in a manner consistent with said Section of the Treasury Regulations. The Capital Accounts shall be maintained for the sole purpose of allocating items of income, gain, loss and deduction among the Members and shall have no effect on the amount of any distributions to any Members in liquidation or otherwise. The amount of all distributions to Members shall be determined pursuant to Sections 5.3, 5.4 and 5.5.

  • Minimum Allocation If the Employer has adopted Sponsor's paired defined contribution plan number 01001, 01004 or 01005 in addition to this Plan, then the minimum allocation required by Section 13.3 will be provided ( ) under this Plan; ( ) under such other paired defined contribution plan. If the Employer has adopted Sponsor's paired defined benefit plan number 02001, then Participants in this Plan (or another paired defined contribution plan) who are covered under the paired defined benefit plan shall receive the minimum top heavy benefit under the paired defined benefit plan and shall receive no minimum allocation. If a Participant in this Plan who is a Non-Key Employee is covered under another qualified plan maintained by the Employer, other than a paired plan of the Sponsor, the minimum top heavy allocation or benefit required under section 416 of the Code shall be provided to such Non-Key Employee under:

  • Tax Allocation Prior to the Closing, Seller and Purchaser shall cooperate in good faith to determine a reasonable allocation of the total consideration paid for the Transferred Assets, as finally determined pursuant to Section 2.1(d), Section 2.1(i) and Section 3.3, in accordance with Section 1060 of the Code and the Treasury Regulations promulgated thereunder (the “Purchase Price Allocation”). Seller and Purchaser shall cooperate in good faith to mutually agree to such allocation and shall reduce such agreement to writing, which agreement shall be reflected in an Exhibit 2.1(j) to be approved by Seller and Purchaser prior to Closing. Seller and Purchaser shall jointly and properly execute each party’s respective completed Internal Revenue Service Form 8594, and any other forms or statements required by the Code (or state or local Tax law), Treasury Regulations or the Internal Revenue Service or other Governmental Authority (together with any and all attachments required to be filed therewith), which forms and statements will be prepared in a manner consistent with the Purchase Price Allocation. Seller and Purchaser shall file timely such forms and statements with the Internal Revenue Service or other Governmental Authority. The Purchase Price Allocation shall be appropriately adjusted to take into account any subsequent payments under this Agreement and any other subsequent events required to be taken into account under Section 1060 of the Code. Seller and Purchaser shall not file any Tax Return or other documents or otherwise take any position with respect to Taxes that is inconsistent with the Purchase Price Allocation; provided, however, that neither Seller nor Purchaser shall be obligated to litigate any challenge to such allocation by any Governmental Authority. Seller and Purchaser shall promptly inform one another of any challenge by any Governmental Authority to any allocation made pursuant to this Section 2.1(j) and agree to consult with and keep one another informed with respect to the state of, and any discussion, proposal or submission with respect to, such challenge.

  • Other Allocations Except as otherwise provided in this Agreement, all items of Partnership income, loss, deduction, and any other allocations not otherwise provided for shall be divided among the Unit Holders in the same proportions as they share Profits or Losses, as the case may be, for the year.

  • Book Allocations The net income and net loss of the Company shall be allocated entirely to the Member.

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